Summary:

India’s private sector business activity reached an eight-month high in April, driven by robust new orders and global demand. The HSBC flash India Composite PMI rose to 60.0, marking 45 consecutive months of growth. The Manufacturing PMI also increased to 58.4. Export orders grew, supported by a pause in US tariffs. Firms ramped up output due to improved efficiency, higher demand, and increased global competitiveness.

Amid rising capacity pressures, both the manufacturing and services sectors hired more employees in April, with equal increases in full- and part-time positions. Output and employment rose, leading to improved margins. Cost inflation remained stable, although selling prices rose slightly. Final April PMI data for manufacturing is scheduled for release on May 2, with services and composite results to follow on May 6.

Source: IBEF

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